AMC Entertainment (NYSE:AMC) CEO Adam Aron Buys 250,000 Shares of Stock

AMC Entertainment Holdings, Inc. (NYSE:AMC) CEO Adam Aron acquired 250,000 shares of the stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average cost of $1.38 per share, with a total value of $345,000.00. Following the transaction, the chief executive officer owned 2,437,020 shares of the company’s stock, valued at approximately $3,363,087.60. This trade represents a 11.43% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

AMC Entertainment Stock Up 0.4%

Shares of NYSE:AMC opened at $1.37 on Wednesday. The company has a market cap of $835.47 million, a P/E ratio of -1.29 and a beta of 2.14. AMC Entertainment Holdings, Inc. has a 52 week low of $0.93 and a 52 week high of $4.08. The business has a fifty day simple moving average of $1.32 and a 200-day simple moving average of $1.61.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Tuesday, May 5th. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $979.19 million. During the same quarter in the prior year, the firm earned ($0.58) EPS. The company’s revenue was up 21.2% compared to the same quarter last year. Sell-side analysts expect that AMC Entertainment Holdings, Inc. will post -0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMC. B. Riley Financial reiterated a “neutral” rating on shares of AMC Entertainment in a report on Friday, April 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a report on Monday, April 20th. Benchmark upgraded AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a report on Wednesday, May 6th. Roth Mkm set a $1.50 target price on AMC Entertainment in a report on Tuesday. Finally, Citigroup lifted their target price on AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $2.24.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AMC. Jones Financial Companies Lllp lifted its stake in shares of AMC Entertainment by 761.8% during the third quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after purchasing an additional 7,496 shares in the last quarter. Triumph Capital Management lifted its stake in shares of AMC Entertainment by 139.0% during the fourth quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock worth $30,000 after purchasing an additional 11,050 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of AMC Entertainment by 90.7% during the first quarter. Royal Bank of Canada now owns 33,657 shares of the company’s stock worth $33,000 after purchasing an additional 16,011 shares in the last quarter. Pitcairn Co. acquired a new position in shares of AMC Entertainment during the second quarter worth about $34,000. Finally, Powell Investment Advisors LLC acquired a new position in shares of AMC Entertainment during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

About AMC Entertainment

AMC Entertainment Holdings, Inc operates as a leading movie exhibition company, specializing in the presentation of theatrical motion pictures across a network of multiplex cinemas. The company’s core business activities encompass ticket sales, concession and refreshment services, and the licensing of premium viewing formats. AMC offers a variety of auditorium experiences, including IMAX®, Dolby Cinema™, and Cinemark’s RealD 3D systems, designed to enhance audience engagement through superior sound, visual clarity, and seating comfort.

Originally founded in 1920 with its first theatre in Kansas City, AMC has evolved into one of the largest theater chains in the world.